Senmiao Technology (NASDAQ:AIHS) Shares Up 26% – What’s Next?

Senmiao Technology Limited (NASDAQ:AIHS – Get Free Report)’s stock price rose 26% during trading on Tuesday . The stock traded as high as $1.93 and last traded at $1.89. Approximately 36,232,214 shares traded hands during mid-day trading, an increase of 8,572% from the average session volume of 417,811 shares. The stock had previously closed at $1.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Get Senmiao Technology alerts:

Read Our Latest Stock Analysis on AIHS

Senmiao Technology Trading Up 26.0%

The stock’s fifty day moving average price is $1.39 and its 200 day moving average price is $1.32. The stock has a market cap of $27.52 million, a P/E ratio of -2.20 and a beta of 0.90.

Senmiao Technology (NASDAQ:AIHS – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.00 earnings per share (EPS) for the quarter.

About Senmiao Technology

(Get Free Report)

Senmiao Technology Ltd, incorporated in the Cayman Islands and traded on NASDAQ under the ticker AIHS, is a developer and operator of internet-based financial technology platforms in China. The company delivers a suite of integrated financial services and e-commerce solutions designed to meet the needs of small and micro enterprises as well as individual borrowers across the Chinese market.

At the core of Senmiao’s business are its micro-finance lending operations, which provide short-term, collateral-backed loans to underserved customers.

Further Reading

• Five stocks we like better than Senmiao Technology
• Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
• AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
• NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
• Apple’s Next iPhone Could Test How Much Pricing Power Is Left

Receive News & Ratings for Senmiao Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senmiao Technology and related companies with MarketBeat.com's FREE daily email newsletter.